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LOANS AND ADVANCES OF THE SUTEX CO-OPERTIVE BANK LTD.

LOANS AND ADVANCES OF THE SUTEX CO-OPERTIVE BANK LTD.

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Published by: sumesh894 on May 04, 2010
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07/09/2013

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1.1>Introduction to co-operative Banks.1.2>Structure of co-operative banking in India.1
 
1.1> Introduction to co-operative Banks: -
Unlike commercial of the economy, the co-operative banks, on theother hand provide credit and other allied facilities to the rural andagricultural sectors the drawn of this century saw the evaluation of the co-operative movement in India. Co-operative societies came into beingwhen the Co-operative banks which are engaged in serving the industrialand commercial sectors Societies Act, 1904, was enacted. The movementwas started with the aim of providing farmers funds with low rates of interest so that exploitation by the village moneylenders is foiled. TheAct provided for the formation of co-operative credit societies and anumber of small primary credit societies were established in various partsof the country. These societies, however, could not mobilise enoughresources as compared to loans demanded by its members. This led to theenactment of a new act in 1912. The Co-operative Societies Act of 1912 provided for starting Center Co-operative Banks with headquarterslocated in Urban Centers. In 1914 necessary steps were taken by thegovernment to strengthen the co-operative movement. The governmentappointed the Maclagan Committee to look into and makerecommendations for the improvement of a State Co-operative Bank for each state. The federation of Central Co-operative Banks functioning atthe district level forms the State Co-operative Bank. The presentorganization of the co-operative in India is based on the recommendationmade by the Maclagan Committee. In 1919, the Montague Censored Actmade co-operation a provincial subject. Since then, All Stategovernments have passed separate Co-operative Societies Acts.Although co-operative banks in India have shown progress sincetheir establishment, there still exist a number of defects in theorganisation. This has led qualitative improvement to suffer. However,the Reserve Bank of India took the initiative to revitalize, reorganized
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and promotes the growth of co-operative bank in India. Under theBanking Regulation Act of 1949, Co-operative banks have been broughtunder the control of the Reserve Bank of India.
1.2> Structure of co-operative banking in India: -
Co-operative banking in India is federal in its structure. It is to benoted that the word 'federal' means where an institute subordinates its power authority. The State Co-operative Bank (SCB) which is alsoknown as the Apex Bank among the co-operatives functions at the statelevel. At the district level, there is the District Central Co-operative Bank (DCCB) for each district. At the base of the pyramid there are thePrimary Credit Societies or the Primary Agricultural Credit Societies(PACS) which cover small towns and villages. Each higher level co-operative bank is a federation of those below having membership andloan operations restricted to their affiliated units.
STRUCTURE OF CO-OPERATIVE BANKING IN EACH STATEOF INDIA
SCB(APEX BANK)DCCB DCCB DCCBPACS PACS PACS PACS PACS PACS
SCB= The State Co-operative Bank.
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I AM A BBA STUDENT OF SECOND YEAR FROM SURAT... I AM ALSO GETTING TUTIONS FOR <CAT> TO HAVE ADMISSION IN MBA...CAN I GET EDUCATION LOAN FOR MBA STUDIES ? PLEASE , GIVE PROPER GUIDENCE FOR MY NEED... THANKS...
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